Currently, Signet Jewelers Ltd [SIG] is trading at $82.32, up 2.53%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SIG shares have gain 6.84% over the last week, with a monthly amount drifted -0.87%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Signet Jewelers Ltd [NYSE: SIG] stock has seen the most recent analyst activity on June 14, 2024, when Citigroup reiterated its Buy rating but kept the price target unchanged to $119 for it. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on April 04, 2024, and elevated its price target to $110. On March 21, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $100 on the stock. Telsey Advisory Group reiterated its Market Perform rating and increased its price target to $105 on March 15, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $119 on December 06, 2023. Telsey Advisory Group reiterated a Market Perform rating for this stock on December 06, 2023, and upped its price target to $90. In a note dated September 01, 2023, Telsey Advisory Group reiterated an Market Perform rating on this stock and boosted its target price from $71 to $82.
This stock has fluctuated between a low of $65.12 and a high of $112.06 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $109.75 within the next 12 months. Signet Jewelers Ltd [NYSE: SIG] shares were valued at $82.32 at the most recent close of the market. An investor can expect a potential return of 33.32% based on the average SIG price forecast.
Analyzing the SIG fundamentals
Trailing Twelve Months sales for Signet Jewelers Ltd [NYSE:SIG] were 7.01B which represents -9.42% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.31 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 81.10 points at the first support level, and at 79.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.10, and for the 2nd resistance point, it is at 83.87.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Signet Jewelers Ltd [NYSE:SIG] is 1.66. In addition, the Quick Ratio stands at 0.52 and the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 6.69.
Transactions by insiders
Recent insider trading involved FINN MARY ELIZABETH, Chief People Officer, that happened on Aug 23 ’24 when 8000.0 shares were sold. *, Singleton Jamie completed a deal on Aug 23 ’24 to sell 12625.0 shares. Meanwhile, Officer MARY LIZ FINN bought 8000.0 shares on Aug 23 ’24.
